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Analysts Offer Insights on Energy Companies: Occidental Petroleum (OXY) and Gulfport Energy (GPOR)

Tipranks - Fri Apr 17, 7:35AM CDT

Analysts have been eager to weigh in on the Energy sector with new ratings on Occidental Petroleum (OXY) and Gulfport Energy (GPOR).

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Occidental Petroleum (OXY)

J.P. Morgan analyst Arun Jayaram maintained a Hold rating on Occidental Petroleum yesterday and set a price target of $64.00. The company’s shares closed last Wednesday at $55.83.

According to TipRanks.com, Jayaram is a 5-star analyst with an average return of 12.6% and a 62.4% success rate. Jayaram covers the NA sector, focusing on stocks such as Flowco Holdings Inc Class A, Baker Hughes Company, and Noble Corporation. ;'>

Occidental Petroleum has an analyst consensus of Hold, with a price target consensus of $60.00, an 8.2% upside from current levels. In a report issued on April 10, Roth MKM also assigned a Hold rating to the stock with a $45.00 price target.

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Gulfport Energy (GPOR)

In a report released yesterday, Zach Parham from J.P. Morgan maintained a Buy rating on Gulfport Energy, with a price target of $252.00. The company’s shares closed last Wednesday at $191.99, close to its 52-week high of $201.18.

According to TipRanks.com, Parham is a 4-star analyst with an average return of 9.7% and a 61.8% success rate. Parham covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, National Fuel Gas Company, and California Resources Corp. ;'>

Currently, the analyst consensus on Gulfport Energy is a Moderate Buy with an average price target of $242.67, implying a 28.5% upside from current levels. In a report issued on April 6, Evercore ISI also maintained a Buy rating on the stock with a $240.00 price target.

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